Government powers handed to army as Hosni Mubarak resigns

The news that Hosni Mubarak resigns his post was greeted with jubilation from thousands of people across Egypt. Mubarak left Cairo for the family home in Sharm el-Sheikh, which is located on the Red Sea in the Sinai Peninsula. Vice President Omar Suleiman made the announcement on television. Mubarak has transferred powers of government to the military. People in the country would have taken out huge personal installment loans to help finance their cause; now they don’t have to because they got the results they were searching for. Article resource - Government powers handed to army as Hosni Mubarak resigns by MoneyBlogNewz.

Governmental powers placed in hands of Egyptian army

President Hosni Mubarak resigned in Egypt, as outlined by Al Jazeera. This is just what the people, protesting for weeks, wanted. Numerous though that Mubarak wouldn’t ever resign leading to brutal force even more than what was happening after his Thursday night speech, although his resignation was released in the morning. The resignation of Mubarak was released by Vice President Omar Suleiman. He explained Friday morning that the governing body of Egyptian military, Supreme Council, will now has control in Egypt.

Mubarak leaves before announcement

The announcement originated from Vice President Omar Suleiman after confirmations that Mubarak was left. Cairo no longer had Mubarak or his family living there. On the coast of the Red Sea within the Sinai Peninsula is Sharm el-Sheikh which is where Mubarak went to in military airport. Mubarak owns estate there. This was for vacations. Mubarak seemed like he would never resigned, despite his concessions weren’t accepted by protestors. MSNBC reports that Mohamed El-Baradei said the resignation was “the greatest day in my life” as Egypt has been “liberated after decades of repression” as the opposition to Mubarak figure.

Only transition to new government what military wants

The situation staying calm and orderly was what the Egyptian army had hoped for. The military has promised to repeal the controversial emergency powers laws that grant broad powers to the government in times of crisis, as outlined by ABC. The laws were passed after the assassination of Anwar Sadat, whom Mubarak succeeded. The anger at Mubarak in Tahrir Square, or Liberation Square, has now changed to happiness.